Several local groups will collaborate with a Washington, D.C.-based organization to develop a plan that will double Twin Cities-area exports over the next five years, increase the number of companies that export, and increase the number of countries that local companies trade with.
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In its 2011 earnings report, the first one made public in four years, Carlson said it experienced 13 percent year-over-year growth in system-wide revenues-but the recession appears to have taken a toll on the company.
Surly Brewing Company intends to have a firm under contract by mid-year, and it hopes to have its new $20 million brewery "in full production" as early as 2014.
Wellesley, Massachusetts-based Stream Global Services already has some corporate staff members-including its CEO-working out of a temporary Bloomington office.
Chief Financial Officer Pamela Sedmak, Chief Medical Officer Gregory Gilmet, and Kathleen Mock, senior vice president of marketing and public and health affairs, have reportedly left the Eagan-based insurer.
A lawsuit filed by the Ohio Attorney General's office accuses the agribusiness giant and Chicago-based Morton Salt of dividing up the Ohio rock salt market, agreeing not to compete with each other, and driving up rock salt prices over the past decade; Cargill "emphatically" denies the allegations.
The Wall Street Journal earlier this month reported that Viterra was expected to explore the interest of a handful of interested buyers, including Cargill.
Signs that the local economy is resetting in some creative and profitable ways.
The city said it has spent about $2.8 million less on snow and ice removal so far this year compared to the first three months of last year.
The state's angel investment tax credit program spurred the creation of more than 100 jobs last year, as investors collected about $15.8 million in credits.
The deal through which the Irish health care giant will buy SuperDimension- which develops minimally invasive devices used to diagnose and possibly treat lung disease-is expected to close in the second quarter of this year.
The new division, called TCF Capital Funding, will focus on lending to companies with fewer than $100 million in annual sales and between $2 million and $10 million in earnings.
The Federal Reserve said that the eight banks face fines for unsafe and unsound foreclosure practices; U.S. Bank said that the fines are not significant and it has been revising its foreclosure processes to satisfy regulators' requirements.
UnitedHealth Group persuaded the government to revisit its 2009 decision to award a U.S. Department of Defense contract to TriWest; the bidding process was reopened, and the contract has now been awarded to UnitedHealth Group.
The company will partner with Minneapolis-based developer Ryan Companies on the project.
Non-discretionary merchandise accounted for 44 percent of sales in 2011, up from 39 percent in 2009-and driving the shift is a strategy to induce the retailer's loyal, high-income shoppers to buy more rather than attracting new customers, according to a recent Star Tribune Point of Sale blog post.